Websol Energy System Ltd
₹ 1,160
-1.71%
08 Oct
- close price
About
Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. [1]
Key Points
- Market Cap ₹ 5,033 Cr.
- Current Price ₹ 1,160
- High / Low ₹ 1,891 / 802
- Stock P/E 25.3
- Book Value ₹ 64.0
- Dividend Yield 0.00 %
- ROCE 59.2 %
- ROE 80.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 68.5% CAGR over last 5 years
Cons
- Stock is trading at 18.1 times its book value
- Promoter holding is low: 27.7%
- Promoters have pledged or encumbered 88.1% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
305 | 356 | 280 | 296 | 183 | 69 | 196 | 154 | 213 | 17 | 26 | 575 | 683 | |
291 | 351 | 271 | 267 | 167 | 93 | 193 | 120 | 187 | 30 | 27 | 322 | 370 | |
Operating Profit | 14 | 5 | 9 | 29 | 17 | -25 | 3 | 34 | 26 | -13 | -1 | 253 | 312 |
OPM % | 5% | 1% | 3% | 10% | 9% | -36% | 1% | 22% | 12% | -74% | -5% | 44% | 46% |
-39 | -39 | -1 | 70 | 11 | 17 | 4 | 60 | 6 | 1 | -110 | 2 | 4 | |
Interest | 31 | 2 | 1 | 5 | 9 | 6 | 6 | 9 | 3 | 4 | 5 | 20 | 19 |
Depreciation | 18 | 16 | 15 | 15 | 14 | 15 | 15 | 15 | 15 | 15 | 36 | 41 | 44 |
Profit before tax | -74 | -52 | -9 | 79 | 5 | -29 | -15 | 69 | 14 | -32 | -153 | 194 | 254 |
Tax % | 0% | 1% | 14% | 0% | 0% | 0% | -127% | 29% | 30% | -25% | -21% | 20% | |
-74 | -52 | -10 | 79 | 5 | -29 | 4 | 49 | 10 | -24 | -121 | 155 | 199 | |
EPS in Rs | -33.84 | -23.83 | -4.49 | 35.83 | 1.79 | -9.97 | 1.34 | 15.86 | 2.64 | -6.11 | -28.66 | 35.64 | 45.83 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 24% |
3 Years: | 39% |
TTM: | 397% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 69% |
3 Years: | 160% |
TTM: | 2354% |
Stock Price CAGR | |
---|---|
10 Years: | 48% |
5 Years: | 127% |
3 Years: | 126% |
1 Year: | 15% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 23% |
Last Year: | 80% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 22 | 27 | 29 | 31 | 31 | 37 | 39 | 42 | 42 |
Reserves | -164 | -217 | -227 | 36 | 74 | 95 | 94 | 143 | 155 | 152 | 66 | 236 |
389 | 382 | 352 | 84 | 81 | 76 | 78 | 35 | 36 | 28 | 184 | 153 | |
383 | 400 | 306 | 175 | 187 | 152 | 109 | 75 | 58 | 48 | 61 | 83 | |
Total Liabilities | 629 | 587 | 453 | 317 | 369 | 352 | 311 | 284 | 286 | 267 | 353 | 514 |
322 | 280 | 266 | 283 | 304 | 287 | 254 | 239 | 225 | 210 | 270 | 285 | |
CWIP | 12 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 30 | 17 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
296 | 307 | 187 | 34 | 65 | 64 | 56 | 45 | 61 | 51 | 53 | 208 | |
Total Assets | 629 | 587 | 453 | 317 | 369 | 352 | 311 | 284 | 286 | 267 | 353 | 514 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-56 | -13 | 30 | 142 | 10 | 5 | 1 | 36 | -3 | -8 | 35 | 167 | |
-14 | -4 | -0 | 28 | -1 | 6 | 13 | -0 | -1 | -6 | -223 | -86 | |
63 | 15 | -30 | -168 | -12 | -11 | -14 | -35 | 6 | 10 | 189 | -35 | |
Net Cash Flow | -7 | -1 | -1 | 2 | -3 | 0 | 0 | 1 | 2 | -4 | 1 | 47 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 210 | 162 | 94 | 2 | 42 | 51 | 33 | 47 | 46 | 37 | 11 | 3 |
Inventory Days | 55 | 61 | 33 | 7 | 51 | 216 | 29 | 70 | 56 | 544 | 525 | 70 |
Days Payable | 328 | 283 | 250 | 64 | 172 | 517 | 134 | 157 | 58 | 878 | 1,334 | 66 |
Cash Conversion Cycle | -63 | -60 | -124 | -55 | -79 | -249 | -72 | -40 | 45 | -298 | -798 | 7 |
Working Capital Days | -387 | -363 | -353 | -183 | -98 | -397 | -102 | -77 | -16 | -853 | -709 | -5 |
ROCE % | -1% | -5% | -3% | 62% | 8% | -12% | -1% | 11% | 7% | -11% | -14% | 59% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
3 Oct - Ms Sanjana Khaitan ceased as Executive Director after AGM on 29 Sep 2025; reappointment not approved.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
1 Oct - AGM 29 Sep 2025: approved 1:10 share split, authorized capital Rs60 crore, multiple director appointments.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
30 Sep - 35th AGM held 29 Sep 2025; proposed share-split, capital alteration, director appointments, MD remuneration revision.
-
Websol Commences Commercial Production Of Additional 600 MW Solar Cell Line
27 Sep - Started additional 600 MW Mono PERC line; total cell capacity 1.2 GW; eight-day shutdown impacted Q2 FY2026.
- Closure of Trading Window 24 Sep
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Products
Co. specializes in the production of photovoltaic crystalline solar cells and related PV modules. The Company’s products are used in both commercial and industrial Solar Energy panels in India and internationally. [1]